The Home Depot First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Home Depot, Inc. (NYSE:HD) will unveil its latest earnings on Tuesday, May 15, 2012. The Home Depot is a home improvement retailer that sells an assortment of building materials, home improvement and lawn and garden products.

The Home Depot, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 65 cents per share, a rise of 30% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 60 cents. Between one and three months ago, the average estimate moved up. It has risen from 62 cents during the last month. For the year, analysts are projecting net income of $2.89 per share, a rise of 17% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 50 cents per share against a mean estimate of net income of 42 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.9% in revenue from the year-earlier quarter to $17.81 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 15 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 31.9% to $774 million (50 cents a share) from $587 million (36 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.9% to $16.01 billion from $15.13 billion.

Stock Price Performance: Between February 13, 2012 and May 9, 2012, the stock price rose $4.46 (9.8%), from $45.65 to $50.11. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 10, 2012, when shares rose for nine straight days, increasing 4.8% (+$1.98) over that span. It saw one of its worst periods between August 26, 2011 and September 6, 2011 when shares fell for seven straight days, dropping 5% (-$1.67) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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